incentive pay
Earnings from results
Incentive pay is compensation tied to performance rather than hours worked.
Salespeople earn commissions, factory workers get piece rates, executives receive bonuses for meeting targets.
The term distinguishes variable earnings from base salary: Her incentive pay doubled her income last year.
Also called performance-based pay.
- bonusReward beyond expectation
- cash bonusMonetary reward beyond wages
- signing bonusPayment upon accepting employment
- merit payCompensation tied to performance
- pay for performanceCompensation tied to results
commission · sales commission · profit-sharing · spiff · piece rate · quota system · motivation · carrot and stick · skin in the game · stock options · golden handcuffs · retention · performance metrics · performance review · overtime pay · reward system · productivity · unintended consequences
- compensationpay, salary, income, wage, bonus
- incomesalary, earnings, income, wages, pay
- job perkssalary, perks, pension plans, 401k, benefits
- employee benefitshealth insurance, pension, 401k, 401(k), retirement
- executive compensationbase salary, bonuses, stock options, restricted stock, performance pay
- executive paybase salary, base pay, salary, bonus, bonuses
incentive paybase salary
Guaranteed regular compensation
flat rate · hourly wage · cost-of-living adjustment · minimum wage · stipend
incentive paypay cut
Reduction in earnings
wage deduction · disincentive · penalty · fine · punitive measures